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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market. HousingWire: How did you get into Finance of America and the industry?

Equity 370
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Why it’s time to rethink the appraisal default in home equity lending 

Housing Wire

Instead of refinancing, they’re tapping into their equity through home equity loans and HELOC s to finance renovations, cover tuition, or consolidate high-interest debt. That’s well within tolerance for many second-lien lending scenarios and provides a high level of risk mitigation. Alternatives are allowed.

Lending 359
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Americans tapped $25B in home equity in Q1. That hasn’t happened since 2008

Housing Wire

homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 the largest volume for this period in 17 years, according to the ICE Mortgage Technology ‘s newest Mortgage Monitor report. trillion in home equity entering the second quarter, up 4% from a year earlier.

Equity 482
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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. . As part of the deal that closed Oct.

Lending 472
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Cambridge Wilkinson to launch $100M private lending platform

Housing Wire

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 307
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What it’s like connecting reverse mortgage professionals with forward lending partners

Housing Wire

While some forward lending companies have gone out of their way to acquire and incorporate reverse mortgage lending divisions into their ongoing operations, others have bolstered their existing reverse mortgage divisions. Finance of America (FOA) had a booth presence at the event.

Lending 384
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Dunmor, Newfi augment partnership with minority equity investment

Housing Wire

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership initiated in June 2024.

Equity 367